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Shrewsbury voters approve $9.5 million Prop 2.5 override aimed at solving structural deficit


SHREWSBURY With nearly 30% of the town s registered voters casting ballots, residents approved a $9.5 million override of tax-limiting Proposition 2½ Tuesday.
The measure passed, 4,323-2,769, according to unofficial results provided by the town clerk s office late Tuesday night.
The clerk s office noted that 29% of the town s 24,812 registered voters turned out.
The vote allows the town to raise the baseline tax level which, Town Manager Kevin Mizikar has said, will address a structural deficit. 
Selectmen said in a message to voters that the existing structural deficit was caused in part by economic impacts of COVID-19. The final say on spending will come at town meeting May 22. ....

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Rockland Trust buys East Boston Savings Bank in $1B deal


Rockland Trust, the fast-expanding South Shore bank that moved into Central Massachusetts in a 2018 acquisition has now paid more than $1 billion to more aggressively move into Boston and surrounding communities.
A $1.15-billion deal announced Thursday by Rockland Trust and East Boston Savings Bank gives Rockland the Peabody-based bank s 42 banking locations and $6.5 billion in assets. Following the merger, Rockland will be worth around $20 billion in assets and have dozens of new locations in Boston and northern suburbs from Burlington to Salem.
The merger, which has already been approved by both banks boards of directors, still requires regulatory approval. The banks said the deal is expected to close in the fourth quarter. ....

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Rockland Trust Adds Shrewsbury Branch - Banker & Tradesman


Rockland Trust Adds Shrewsbury Branch
Apr 1, 2021 | Reprints | Print
Rockland Trust officials celebrate the opening of the bank s new Shrewsbury branch. From left to right: Vice President and branch manager Warren Manigault, senior vice president and Worcester market executive Michael Crawford, bank CEO Christopher Oddleifson, state Rep. Hannah Kane (R-Shrewsbury), Grossman Development Group President Howard Grossman, Rockland Trust Director of Retail Branches Margaret McCarthy, Corridor 9/495 Regional Chamber Executive Director Karen Chapman and bank COO Robert Cozzone. Photo courtesy of Rockland Trust
Rockland Trust continued its Worcester-area expansion this week with a ribbon-cutting at its first retail branch in Shrewsbury.
Located in the Lakeway Commons shopping plaza off of Route 9, the location will offer a 24-hour ATM with “live teller services,” which provides customers a video link to a teller, seven days a week before an ....

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